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Tricia Terry
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Marrs & Terry, PLLC
6553 Jackson Road Ann Arbor, MI 48103Â» view map
Bankruptcy & Debt
Personalized, Efficient Counsel

Marrs & Terry, PLLC have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, and family law.

800-862-7221
1. Tricia Terry Ann Arbor, MI
  Attorney at Law- MI, 1999
  Thomas M. Cooley Law School, J.D.
2. AboutExperienced Michigan Lawyer
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Christopher G. Bovid

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

915 North Michigan Avenue, Howell, MI 48843

Melissa Gayle Wright

Dispute Resolution, Bankruptcy, Government, State Government

Status: Licensed: 22 Years

CONTACT

Williamston, MI 48895

Paul T. Joseph

Estate Planning, Elder Law, Bankruptcy

Status: Licensed: 43 Years

CONTACT

223 E Grand River Ave, Williamston, MI 48895

Melissa J. Houghton-Heinig

Family Law, Contract, Collection, Elder Law

Status: Licensed: 15 Years

CONTACT

Fowlerville, MI 48836

Susan J. Mcdonald

Agriculture, Family Law, Corporate, Bankruptcy

Status: Licensed: 24 Years

CONTACT

Fowlerville, MI 48836

Mark E. Reizen

Mediation, Workers' Compensation, Collection, Defamation & Slander

Status: Licensed: 57 Years

CONTACT

3210 Dutcher Rd, Howell, MI 48843

Robert G. Lahiff

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

1000 Austin Ct, Howell, MI 48843

Cornell D. Pettiford

Other, Government, Bankruptcy

Status: Licensed: 21 Years

CONTACT

263 E Sherwood Rd, Williamston, MI 48895

Jon Luker

Veterans' Affairs, Criminal, Consumer Bankruptcy

Status: Licensed: 36 Years

CONTACT

3235 Pingree Rd, Howell, MI 48843

Benjamin O. Schwendener

Landlord-Tenant, Gift Taxation, Administrative Law, Bankruptcy

Status: Licensed: 72 Years

CONTACT

4084 Van Atta Rd, Okemos, MI 48864

800-814-6700

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LEGAL TERMS

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

FDCPA

See Fair Debt Collections & Practices Act.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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Webberville Bankruptcy & Debt Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Christopher G. Bovid

Melissa Gayle Wright

Paul T. Joseph

Melissa J. Houghton-Heinig

Susan J. Mcdonald

Mark E. Reizen

Robert G. Lahiff

Cornell D. Pettiford

Jon Luker

Benjamin O. Schwendener

TIPS

LEGAL TERMS

BULK SALES LAW

DEFINED CONTRIBUTION PLAN

DEBIT CARD

FDCPA

MEANS TEST

SUBROGATION

BANKRUPTCY TRUSTEE

FAIR CREDIT REPORTING ACT (FCRA)

DISPOSABLE INCOME

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